33M LINK Whales Are Buying-Could Chainlink Hit $15 Soon?

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Chainlink Whales Add 32.93 Million <a href="https://investment-policy.com/link-usd/">LINK</a> as Price Targets $15 Breakout

Chainlink (LINK) appears to be ending a period of steady buying, with large investors (known as whales) adding 32.93 million tokens over the past month. This increased activity suggests the price could soon rise, potentially reaching $15.

LINK is currently trading around $10, slightly down 1% from its recent price. Its price chart has fallen below a key trendline established in August. While the shorter-term, four-hour chart suggests potential issues, it experienced a setback earlier this week when it failed to break through a significant price level.

Whales Stack 32.93 Million LINK in 30 Days

According to data from Santiment, wallets holding between 100,000 and 10 million LINK tokens have bought up 32.93 million more coins over the past month. This represents a 7.7% increase in their holdings over 30 days. These wallets now collectively hold a record high of over 461 million LINK, spread across approximately 461,000 different wallets.

This group of traders is important because they’re in between regular investors and large institutions that hold funds for others. These traders move significant amounts of money, but they maintain control of their own funds, which makes it easier to understand their true investment intentions, according to Santiment.

Typically, when this group of investors buys heavily, it signals that prices are about to rise, rather than responding to existing price increases.

The recent trends match what the chart is showing. Demand increased steadily through early 2026, even as LINK’s price remained stable near its lowest point in months. This decrease in the amount of LINK available on exchanges is now creating a potential supply squeeze, according to Santiment. This scenario is even more likely if Bitcoin continues to hold its value.

Chainlink Price Prediction Eyes $15 if $9.40 Holds

Looking at the charts, things are starting to look pretty good for Chainlink, and it seems to be confirmed by what’s happening on the blockchain. I noticed it finally broke through a downward trend it’s been stuck in since August 22nd, hitting a high of $28. This happened on March 15th, and thankfully, it wasn’t a fakeout – the price came back to test that breakout level on March 22nd and held up nicely. That gives me some confidence.

The Visible Range Volume Profile shows strong support around $9.40, which is currently holding as a base level. Looking higher, the next areas with substantial trading volume – and potential resistance – are near $15 and $17.52.

As I’m looking at potential targets, the first key level I’ve identified is around $15.08, which aligns with the 0.382 Fibonacci retracement – that’s about a 50% move from where we are now. If we push higher, the 0.5 Fibonacci level at $17.52 is the next area to watch, and a more ambitious target would be $19.96, corresponding to the 0.618 Fibonacci retracement.

The analysis is supported by the Relative Strength Index (RSI), which recently rebounded off a downward trendline that began in July 2025. This trendline previously limited price increases throughout 2026, but in early May, it began to act as a floor. This change signaled a positive outlook and led to a new high for the RSI.

If the price of LINK falls below $9.40 today, it could signal the end of the recent positive trend and a return to a period of fluctuating prices. However, with Bitcoin remaining stable and evidence suggesting large investors are buying LINK, the price is likely to continue rising, especially as trading volume increases.

Four-Hour Structure Flashes Near-Term Caution

While the underlying data suggests positive sentiment, LINK hasn’t seen an immediate price increase on shorter-term charts. Since February 6th, the price has been steadily rising within a defined upward channel, indicating a change in how traders are behaving.

For the first part of this period, the price moved along the upper boundary of the trading range. This upper boundary acted like a ceiling, preventing prices from going higher, while the middle point of the range provided support. However, after March 26th, this pattern reversed. The price of LINK began to trade along the lower portion of the range.

The midline now acts as resistance, and the lower band as support.

On May 6th, the price attempted to rise but faced resistance around $10.40 and fell back down. Now, the price is trying to hold above $10, which previously acted as a resistance level, but is struggling to do so. The MACD indicator suggests the price is likely to continue falling.

If selling pressure continues, the price is likely to find support around $9.30. If the price can rise back to around $10, it could then move higher, potentially reaching $11.46. A sustained move above $10 would suggest a positive short-term trend and confirm the recent breakout on the daily chart.

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2026-05-08 15:25